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VeChain Price Prediction 2024-2030: What’s the Growth Potential of VET?

Key Takeaways

  • VeChain price projection suggests a peak price of $0.07 by December 2024.
  • Traders can expect a minimum price of $0.14 and a maximum price of $0.16 by 2027.
  • By 2030, VeChain’s price could potentially surge to $0.26.

Despite occasional market volatility and regulatory uncertainties, VeChain demonstrates resilience and a strong value proposition, positioning itself as a leader in blockchain-based solutions for supply chain transparency, product authentication, and data management.

Overall, the prevailing sentiment within the VeChain community is one of optimism and confidence, with stakeholders bullish on its long-term prospects and the transformative impact of blockchain technology. As VeChain continues to expand its reach and enhance its offerings, questions surrounding its price trajectory persist, inviting further analysis and exploration of its future potential.

VeChain overview 

CryptocurrencyVeChain
TokenVET
Price$0.02711 
Market Cap$2,127,375,984
Trading Volume 24-h$36,951,311
Circulating Supply80,985,041,177 VET
All-time High$0.2782, Apr 17, 2021
All-time Low$0.001678, Mar 13, 2020
24 High$0.02739
24 Low$0.02568
Source: Coinbase

VeChain price prediction: Technical analysis

MetricValue
Volatility3.95%
Sentiment Bearish
50-Day SMA $0.0339
200-Day SMA $0.0364
Price Prediction$0.0586 (114.85%)
F & G Index 27.11 (fear)
Green Days 10/30 (34%)
14-Day RSI 24.50

VeChain price analysis: VET falls to $0.02500 as bears crush short-term support levels

TL: DR Breakdown

  • VeChain price analysis shows an extremely bearish trend
  • The VET coin has dropped by over 0.59% at the time of writing
  • VeChain prices have sought support and resistance at $0.02500 and $0.02900, respectively.

The VeChain price analysis shows that the VET price action has found support at the $0.02500 mark where it currently trades. However, the increasing bearish pressure suggests that this might not be the end of the downtrend.

The broader cryptocurrency market observed bullish sentiment over the last 24 hours as most major cryptocurrencies recorded positive price movements. Major players include JASMY and AR, recording a 6.79 and a 5.29 percent incline, respectively.

VeChain price analysis 1-day chart: VET falls to $0.02500 as bears crush short-term supports

The 24-hour VET/USD price chart indicates a downward trend in the market as prices move toward the $4.50 level. The lack of bullish support between $0.04500 and $0.0250 suggests strong bearish activity across the short-term markets that may dictate price action across the mid-term charts.

Technical indicators for VET/USDT 24-hour chart by Tradingview

The Indicators reflect the bearish price sentiment as all three major technical indicators signal red. The MACD is bearish at -0.00030 units. Moreover, the EMAs are below the mean position, and the indicator shows a sharp turn of momentum from bullish to bearish. The RSI also shares this sentiment as the indicator falls to 31.52 from above the 50.00 index level. The diverging Bollinger Bands suggest increasing volatility indicating that the $0.02500 support may not hold for the weekend.

VeChain price analysis 4-hour chart

The 4-hour price chart of VET shows a steady decline as the price falls from above the $0.03500 mark to the $0.0250 support. The price movement indicates sudden increase of selling pressure with the buyers failing to keep up with the sharp momentum.

Technical indicators for VET/USDT 4-hour chart by Tradingview

The RSI is at 42.83, suggesting that the asset is in at the center of the neutral zone, which might indicate room for further short-term decline. Moreover, the downwards slope suggests further downwards movement. The MACD suggests a bearish crossover with the MACD line at +0.0002 showing little to no bullish dominance across the 4-hour charts. These indicators collectively confirm the prevailing bearish trend.

VeChain Technical Indicators: Levels And Action

Daily Simple Moving Average (SMA)

NameValueAction
SMA (10)$0.0311SELL
SMA (20)$0.0328SELL
SMA (30)$0.0338SELL
SMA (50)$0.0347SELL
SMA (100)$0.0390SELL
SMA (200)$0.0363SELL

Daily Exponential Moving Average (EMA)

NameValueAction
EMA (10)$0.0307SELL
EMA (20)$0.0322SELL
EMA (30)$0.0332SELL
EMA (50)$0.0347SELL
EMA (100)$0.0362SELL
EMA (200)$0.0349SELL

What to expect from VeChain price analysis?

4-hour price chart by Tradingview

The VeChain price analysis shows that the VeChain market observes strong bearish momentum causing the price action to dwindle from the $0.05100 mark towards the $0.025000 mark. While the bulls find strong support level at the $0.02500 mark, the strong bearish pressure suggests further downwards movement from the $0.02700 mark.

Traders should expect VET to hold at the current support level as the $0.02500 has proven to be a solid foothold for VET in the past as well. Moreover, the low trade volume suggests a decreasing trade activity for the asset suggesting a change of momentum. As such, the price can be expected to move between the $0.02500-$0.02950 price level across the short-term charts.

Currently, the closest support level lies at $0.02500 while VeChain finds it difficult to move past the $0.02900 level.

Is Vechain a good investment?

VeChain stands out in the cryptocurrency market due to its specialized focus on supply chain management and enterprise solutions. It offers transparency and traceability across various industries, enhancing trust and efficiency in global trade. With partnerships with major companies and a strong emphasis on real-world applications, VeChain has significant growth potential. Its innovative use cases and practical implementations make it appealing to businesses seeking operational improvements. As awareness of supply chain issues continues to grow, VeChain’s relevance and adoption are expected to increase, making it an attractive investment option for those interested in blockchain technology.

Recent News/Opinion on Vechain

VeChain recently announced the HiVe Summit where experts share information regarding VeChain and other project’s role in a more scalable digital ecosystem. The Summit is scheduled to be held on June 28.

VeChain price prediction June 2024

MonthPotential low ($)Potential average ($)Potential high ($)
June0.02550.029240.0351

In June 2024, the price of VeChain is anticipated to reach a minimum of $0.0255. The VET price can be expected to reach a peak at $0.0351, maintaining an average of $0.02924 throughout the month.

VeChain price prediction 2024

YearPotential low ($)Potential average ($)Potential high ($)
2024$0.0262$0.0590$0.0638

In 2024, the price of 1 VeChain is anticipated to touch a minimum of $0.0262. The VET price might peak at $0.0638, maintaining an average of $0.0590 throughout the year.

VeChain price prediction 2025-2030

YearPotential low ($)Potential average ($)Potential high ($)
20250.0750.0820.090
20260.100.120.13
20270.130.150.16
20280.130.150.16
20290.170.180.19
20300.240.260.26

VET price prediction 2025

For 2025, VeChain’s price is expected to start at a minimum of $0.075. It could potentially climb to a high of $0.090, averaging around $0.082 over the year.

VET price prediction 2026

By 2026, VeChain’s price is projected to be at least $0.100. It might surge to a high of $0.130, with an average price hovering around $0.120.

VeChain (VET) price prediction 2027

Come 2027, VeChain is estimated to value at a minimum of $0.130. The price might escalate to $0.160, with a mean value of $0.150 for the year.

VeChain price prediction 2028

In 2028, VeChain’s price is likely to hit a floor of $0.130. Based on analysis, it could peak at $0.160, with a median price of $0.150.

VeChain price prediction 2029

The VeChain price prediction for 2029 anticipates a minimum price of $0.170, a maximum price of $0.190, and an average of $0.180.

VeChain (VET) price prediction 2030

In 2030, VeChain could be trading at a minimum of $0.240. The price might soar to $0.260, maintaining an average of $0.260 throughout the year.

VeChain price prediction by Analysts

Firm20242025
Coincodex$0.0333$0.1278
Digital Coin Price$0.060$0.080
CryptoPredictions.com $0.058$0.064

Cryptopolitan’s VeChain (VET) price prediction

Cryptopolitan’s predictions show that VeChain will achieve a high of $0.0638 in the second half of 2024. In 2025, it will range between $0.075 and $0.090, with an average of $0.082. In 2030, it will range between $0.24 and $0.26, with an average of $0.26. Note the predictions are not investment advice. Seek independent professional consultation or do your research.

VeChain historic price sentiment

  • VeChain started in 2015 as a private consortium chain to explore blockchain applications. The project transitioned to a public blockchain with the ERC-20 token VEN in 2017 but it wasn’t until 2018 that VeChain would launch its own mainnet with the ticker VET.
  • In 2018, VeChain entered into a partnership with supply chain management company DHL to build smart blockchain solutions for the logistics industry. 
  • Following the peak, VeChain, like many other cryptocurrencies, faced a significant correction in 2018, with the price dropping sharply and stabilizing at lower levels.
  • The price remained relatively stable through 2019 and 2020, with occasional spikes, as VeChain continued to develop its technology and expand its partnerships.
  • In 2021, Vechain saw a rapid rise as the price reached its all time high at $0.20 in May but failed to close the year nearly as high as the price declined to $0.070 by December
  • 2022 saw VeChain make attempts at a recovery to past year high but failed to even reach the $0.10 mark.
  • Throughout 2022 and into early 2023, VeChain’s price showed significant volatility, with periods of slight recovery and decline, but generally remained below $0.10.
  • Towards the end of 2023, VeChain saw a slight uptick in price, moving upwards slightly. By early 2024, the price showed some stability, maintaining a range with minor fluctuations.
  • In January, VeChain’s price maintained relative stability, hovering around the $0.020 mark, reflecting cautious investor sentiment amid broader market conditions.
  • By mid-March, VeChain saw a slight recovery, reaching approximately $0.025. This upward movement was fueled by positive developments within the VeChain ecosystem and renewed investor interest.
  • From April to June, VeChain’s price experienced fluctuations between $0.020 and $0.030, driven by market volatility and ongoing developments in the crypto space.

FAQs

What's the potential of the UFC Marketing Partnership for the growth of the VeChain network?

The partnership will help to increase the adoption of the VET blockchain by bringing it to a mainstream audience. The UFC is one of the most popular global sports brands, with a fan base of over 300 million people.

What's the source of the long-term sustainability projection for VeChain?

Vechain use cases set it apart from its competitors and popular meme coins, giving it the green light for long-term sustainability.

What do the VeChain Price Predictions suggest on the blockchain's growth potential?

The current VeChain price predictions suggest that the coin has a bright future and is expected to show consistent positive growth in the next few years.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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